Hudson D. Zachary 4
4 · LAS VEGAS SANDS CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Las Vegas Sands EVP Hudson Zachary Receives RSUs, Sells Shares for Taxes
What Happened
Hudson D. Zachary, EVP and Global General Counsel of Las Vegas Sands Corp. (LVS), had restricted stock units (RSUs) vest and settle into common shares on January 29–30, 2026. He acquired a total of 18,430 shares through conversion/settlement of derivatives (10,353 shares on Jan 29 and 8,077 shares on Jan 30). To satisfy tax withholding obligations, 4,520 shares were withheld/disposed: 2,553 shares on Jan 29 at $52.71 ($134,569) and 1,967 shares on Jan 30 at $52.73 ($103,720), for total proceeds/equivalent value of $238,289. Transaction codes used were M (exercise/conversion of derivative) and F (payment of exercise price or tax liability).
Key Details
- Transaction dates: Jan 29, 2026 and Jan 30, 2026. Filing date: Feb 2, 2026.
- Prices for shares withheld/sold for taxes: $52.71 (2,553 shares) and $52.73 (1,967 shares); total value ≈ $238,289.
- Shares acquired via conversion/settlement: 10,353 (Jan 29) + 8,077 (Jan 30) = 18,430 shares (acquired at $0 as vested RSUs).
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: RSUs settle one-for-one into common stock (each RSU = 1 share). Shares were withheld to cover tax withholding (cashless withholding). The vested RSUs stem from earlier grants: 31,374 RSUs granted Jan 29, 2024 (33%/33%/34% vesting schedule) and 23,756 RSUs granted Jan 30, 2023 (33%/33%/34% vesting schedule).
- Filing timeliness: filing date is Feb 2, 2026 for Jan 29–30 transactions; the filing does not include a late-filing flag in the provided data.
Context
These transactions reflect routine RSU vesting and tax-withholding (a common practice where shares are withheld or sold to cover taxes). The reporting shows net acquisition of shares (18,430 acquired) while 4,520 were surrendered for tax payment; this is not an open-market purchase or sale intended as a trading decision and should be interpreted accordingly.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-29+10,353→ 24,088 total - Tax Payment
Common Stock
[F2]2026-01-29$52.71/sh−2,553$134,569→ 21,535 total - Exercise/Conversion
Common Stock
[F1]2026-01-30+8,077→ 29,612 total - Tax Payment
Common Stock
[F2]2026-01-30$52.73/sh−1,967$103,720→ 27,645 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-01-29−10,353→ 10,667 total→ Common Stock (10,353 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-01-30−8,077→ 0 total→ Common Stock (8,077 underlying)
Footnotes (5)
- [F1]Reflects restricted stock units that upon vesting settled in shares of Las Vegas Sands Corp. common stock ("Common Stock") on a one-for-one basis.
- [F2]Reflects shares of Common Stock withheld to cover tax withholding obligations in connection with the vesting of the restricted stock units reported herein.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- [F4]Reflects a grant of 31,374 restricted stock units on January 29, 2024 that vests as to 33% on each of the first and second anniversaries of the date of grant and as to 34% on the third anniversary of the date of grant. Vested shares are scheduled to be delivered to the reporting person on each anniversary.
- [F5]Reflects a grant of 23,756 restricted stock units on January 30, 2023 that vests as to 33% on each of the first and second anniversaries of the date of grant and as to 34% on the third anniversary of the date of grant. Vested shares are scheduled to be delivered to the reporting person on each anniversary.